[CMP #9] Redemption Roulette

Voting ended almost 2 years agoSucceeded

Some community members have asked for a redemption mechanism to be able to sell their Volta without slippage anytime and for a fair price. But what is fair price? Market price? Liquid Backing price? Full Backing Price? A mix?

Community member hiredgoons came up with a solution that is the most Volta Club thing ever. In his own words: "Redemption roulette. Spin a wheel. 15% chance to redeem at full backing. 70% chance to redeem at liquid backing. 15% chance to go bust and donate it all to the house/treasury."

Thank you hiredgoons. This CMP proposes the execution of this plan. The redemption option will stay open permanently for everyone.

Off-Chain Vote

Do it, I like fun and gambling.

12.99K Volta11.2%

No, fun bad.

103.2K Volta88.8%

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Timeline

Apr 09, 2024Proposal created

Apr 09, 2024Proposal vote started

Apr 16, 2024Proposal vote ended

Apr 16, 2024Proposal updated